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Fly News Breaks for September 11, 2017
MGM
Sep 11, 2017 | 06:02 EDT
Deutsche Bank analyst Carlo Santarelli downgraded MGM Resorts to Hold while maintaining a $36 price target on the shares. The continued slowing of Las Vegas Strip EBITDA growth will likely pressure trading multiples, Santarelli tells investors in a research note. He believes Las Vegas Strip fundamentals are "exhibiting late cycle tendencies."